Economies are supposed to serve human ends.. not the other way round. We forget at our peril that markets make a good servant, a bad master and a worse religion.
Amory LovinsRead
Today we have a temporary aberration called "industrial capitalism" which is inadvertently liquidating its two most important sources of capital, the natural world and properly functioning societies._x000D_ _x000D_ No sensible capitalist would do that.
Interpretation
The quote critiques industrial capitalism for harming the environment and society, which are vital for sustainable growth.
Amory Lovins highlights the paradox of industrial capitalism, which is currently undermining its own foundations. By exploiting the natural world and neglecting societal welfare, capitalism risks destroying the very resources it depends on for success. This critique suggests that true capitalism should be sustainable and recognize the value of ecological balance and social cohesion.
In practice
In a discussion about sustainable business practices, you could use this quote to emphasize the importance of environmental stewardship.
Economies are supposed to serve human ends.. not the other way round. We forget at our peril that markets make a good servant, a bad master and a worse religion.
Our energy future is choice, not fate. Oil dependence is a problem we need no longer have-and it's cheaper not to. U.S. oil dependence can be eliminated by proven and attractive technologies that create wealth, enhance choice, and strengthen common security.
Higher taxes never reduce the deficit. Governments spend whatever they take in and then whatever they can get away with.
I'm quite worried about the fiscal imbalances that we've got and what that might mean in terms of financial crisis ahead.
All money is a matter of belief.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.
The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis; substantial fiscal resources were necessary.
People stop buying things, and that is how you turn a slowdown into a recession.
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